TENNIND
Tenneco Clean Air India share price & financials
- Price
- ₹554.4
- Market cap
- ₹21.8k Cr
- Calls analysed
- 4
Tenneco Clean Air India Limited Q1 FY27
What went well
- Revenue from operations increased 20.2% year-over-year to INR15,448 million, outperforming the served addressable market.
- Value Added Revenue (VAR) grew 18.4% year-on-year to INR13,816 million, demonstrating strong underlying business performance.
- EBITDA grew 7.9% year-on-year to INR2,469 million, achieving a healthy 17.9% margin on VAR despite external headwinds.
What to watch
- EBITDA margin was impacted by significant commodity inflation, rupee depreciation, geopolitical supply chain disruptions, and incremental costs of operating as a listed public company.
- Clean Air business growth of 9.6% was below the overall industry growth (mid to high teens) due to the subtraction of EV market share and non-presence in a leading Japanese OEM.
What Tenneco Clean Air India Limited does
Tenneco Clean Air India Limited (TCAIL) manufactures automotive components across two operating segments: Clean Air and Powertrain Solutions (exhaust and emission-control systems, pistons, piston rings, valves, engine bearings, spark plugs and ignition coils) and Advanced Ride Technologies (shock absorbers, struts and suspension systems, including the DCx DaVinci platform). It supplies passenger-vehicle, commercial-truck and off-highway-vehicle OEMs in India and exports to overseas markets, and is part of the global Tier-1 auto-components group Tenneco. The company holds a leadership or top-2 market position in each of its key end-market segments and counts all of India's top passenger-vehicle and commercial-vehicle OEMs among its customers.
Segments
- Clean Air and Powertrain Solutions
- Advanced Ride Technologies
- Manufacturing facilities
- 12
- R&D / technical centers
- 2
- Customers served
- 119
- Export markets (countries)
- 17
- Years of operations (incl. erstwhile companies)
- 45+
- Installed capacity – Cold Ends (Clean Air & Powertrain)
- 3 million units
Guidance record · Q1 FY27
what the last two calls moved 8 tracked 1 delivered 0 missed 7 open- EBITDA Margin delivered said Q2 FY26 Promised: We expect EBITDA to be a bit soft, but with increase in the revenue in the coming years, these additional costs will get absorbed... and we come back to the same levels. Q1 FY27: Promise was achieved in FY26. No new updates as the original target is complete. Q1 FY27 margin was 17.9%, impacted by new public company costs and commodity inflation, a separate event from the original promise.
- Export Revenue Growth on track said Q2 FY26 Promised: exports is going to grow much, much, much faster than our domestic business simply because they're starting from a low base. Q1 FY27: Management noted exports are currently 7% of revenue and face headwinds from US tariffs and macro conditions. However, a new export order for heat shields was won from Tenneco America, keeping the long-term growth story on track.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 14.3%, net profit down 18.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 523 | 479 | 610 | 566 | 542 +4% | 507 +6% | 673 +10% | 647 +14% |
| EBITDA | 111 | 103 | 132 | 119 | 111 +0% | 101 −2% | 139 +5% | 127 +7% |
| Net profit | 75 | 65 | 86 | 112 | 939 +1152% | 60 −8% | 92 +7% | 91 −19% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +0.3% YTD
YTD: ₹505 on 1 Jan 2026 → ₹506.35. High ₹651.35 (6 May 2026), low ₹493.2 (21 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.7%
- 6 Aug
- Q4 FY26
- −1.4%
- 3 Jun
- Q3 FY26
- −2.2%
- 16 Feb
- Q2 FY26
- −0.0%
- 5 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹2.3k Cr |
| Operating profit | ₹470 Cr |
| Operating margin | 20.5% |
| Interest | ₹17 Cr |
| Depreciation | ₹48 Cr |
| Net profit | ₹1.2k Cr |
| Net margin | 52.6% |
| Cash from operations | ₹352 Cr |
| Free cash flow | ₹328 Cr |
| ROCE | 22.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹778 Cr | ₹313 Cr | ₹313 Cr | ₹214 Cr | ₹404 Cr | ₹404 Cr |
| Reserves | ₹-470 Cr | ₹91 Cr | ₹125 Cr | ₹121 Cr | ₹514 Cr | ₹5.6k Cr |
| Borrowings | ₹113 Cr | ₹40 Cr | ₹8 Cr | ₹11 Cr | ₹23 Cr | ₹16 Cr |
| Other liabilities | ₹393 Cr | ₹567 Cr | ₹690 Cr | ₹541 Cr | ₹1.2k Cr | ₹604 Cr |
| Total liabilities | ₹814 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹886 Cr | ₹2.1k Cr | ₹6.7k Cr |
| Fixed assets | ₹286 Cr | ₹305 Cr | ₹296 Cr | ₹286 Cr | ₹557 Cr | ₹245 Cr |
| Capital work in progress | ₹25 Cr | ₹3 Cr | ₹6 Cr | ₹13 Cr | ₹66 Cr | ₹4 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5.5k Cr |
| Other assets | ₹503 Cr | ₹704 Cr | ₹835 Cr | ₹587 Cr | ₹1.5k Cr | ₹935 Cr |
| Total assets | ₹814 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹886 Cr | ₹2.1k Cr | ₹6.7k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Dec 2025, FIIs added +1.28 pp while the public trimmed −0.72 pp. The shareholder count shrank 22% to 1,38,042.
- Promoters
- 74.8%
- FIIs
- 9.7%
- DIIs
- 11.4%
- Public
- 4.1%
Since Dec 2025
- FIIs +1.28 pp
- Public −0.72 pp
- DIIs −0.55 pp
How it drifted, 3 quarters
Over this window FIIs went from 8.4% to 9.7% — +1.3 pp.
Ownership split by quarter, oldest first. Dec '25: Promoters 74.8%, FIIs 8.4%, DIIs 12.0%, Public 4.8%.Mar '26: Promoters 74.8%, FIIs 8.9%, DIIs 12.6%, Public 3.7%.Jun '26: Promoters 74.8%, FIIs 9.7%, DIIs 11.4%, Public 4.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Axis ELSS Tax Saver Fund Mutual fund newly disclosed 1.93% held
- Fidelity Funds - Asia Equity Esg Fund Global fund house newly disclosed 1.56% held
- SBI Mnc Fund Mutual fund newly disclosed 1.09% held
- Fidelity Funds - India Focus Fund Global fund house +0.09 pp 1.15% held
The same filing shows 0 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Tenneco Clean Air India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tenneco Mauritius Holdings Limited | 60.22% | unchanged |
| Tenneco (Mauritius) Limited | 6.62% | unchanged |
| Federal - Mogul Pty Ltd | 3.59% | unchanged |
| Federal Mogul Investments B V | 2.63% | unchanged |
| Axis ELSS Tax Saver Fund Mutual fund | 1.93% | newly disclosed |
| Tenneco Inc | 1.73% | unchanged |
| Fidelity Funds - Asia Equity Esg Fund Global fund house | 1.56% | newly disclosed |
| Abu Dhabi Investment Authority - Monsoon Sovereign | 1.26% | unchanged |
| Fidelity Funds - India Focus Fund Global fund house | 1.15% | +0.09 pp |
| SBI Mnc Fund Mutual fund | 1.09% | newly disclosed |
| Federal-Mogul R&L Friedberg Casting GmbH & Co. KG | 0.00% | unchanged |
| Federal-Mogul Risk Advisory Services LLC | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in TENNIND
Filings to Aug 2026
7 new, 6 added, 1 trimmed, 0 sold out — net +208.12 L shares (+348.3%).
- Held by funds
- ₹1.4k Cr
- 18 schemes
- Biggest holder
- SBI Smallcap Fund
- ₹582 Cr · 1.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Smallcap Fund SBI Mutual Fund | ₹582 Cr | new | Aug '26 |
| SBI Large and Midcap Fund SBI Mutual Fund | ₹259 Cr | new | Aug '26 |
| SBI MNC Fund SBI Mutual Fund | ₹145 Cr | +7.45 L | Nov '25 |
| SBI Automotive Opportunities Fund SBI Mutual Fund | ₹132 Cr | +7.12 L | Nov '25 |
| SBI Dividend Yield Fund SBI Mutual Fund | ₹74 Cr | new | Aug '26 |
| SBI ESG Exclusionary Strategy Fund SBI Mutual Fund | ₹56 Cr | new | Aug '26 |
| HDFC Children's Fund HDFC Mutual Fund | ₹46 Cr | held | Nov '25 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹42 Cr | held | Nov '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
6 added, 1 trimmed — net +2.08 cr shares (+348.3%)
- Funds are sitting on
- +7%
- vs est. average cost
- Held by funds
- ₹1.4k Cr
- 18 schemes · ≈ 6.8% of the company
- Biggest holder
- SBI Smallcap Fund
- ₹582 Cr · 1.4% of that fund
- Longest holder
- SBI MNC Fund
- 10 mo · since Nov '25
Shares held by these funds −31%
Nov '25 60.97 L shares Jul '26
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Tenneco Clean Air India Limited
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